Pacun

Someone posted a charge chart a couple of years ago and that return was going to cost them a bit more than $700. I have been charging them $150 and I have three clients in the same situation. So, I make $$450 from these three clients. If one stays, she will still get a good deal and I will be working less. If all three leave, I will loose $450 but I will save a lot of time. In the past, I have kept them because I wanted to be exposed to their cases but now, they are not interesting to me anymore. Of course $1500 from them will keep my mind interested in doing their returns.

I have 3 clients that I want to triple (at least) what I charge. This year, I will charge them normally but in May, I will send a letter stating that next year it will cost them $$$$ to have their taxes prepared by me. I will explain that I am sending this letter in May so that they have time to secure another tax preparer if they wish so. Do you have a letter to that effect that you could share?

She qualifies

I love it. I couldn't resist either.

So, I have a house that I bought for $100K in 2010, then I rent it for 2 years and at the end of those two years the FMV of the house was $150, then I move to the house and live there for 6 years and sell it for $300K, All the gain will be wiped but I will ONLY do depreciation recapture, correct?

So what's the verdit? I think she qualifies for refundable AOC.

Good job confusing me. YES, she qualifies because 1c reads AND you didn't provide half of your support. In this case, she did and therefore she qualifies for the refundable portion of it.

Actually, 1c kills her. She cannot get the refundable credit. I have gotten the refundable credit for 20 year olds but they were full time students at least one semester.

1 doesn't apply to her because she did provide more than 50% of her own support. That the one that allows her to claim it.

You have to know the FMV at the time when you started renting it and the FMV at the time you stop renting it. If there is a gain during that period, then you will have to pay taxes on that gain and you will have to do the depreciation recapture.

No. You have to answer three questions and you will take the refundable portion of it. In this case, I would take it. Just document what she answers to you and fill out a worksheet and you should be OK.

I guess both people that have issues didn't follow the instructions 100%. Whenever you are going to upgrade ANY software, you need to close other programs. Whenever you are going to upgrade a SERVER software, you need to close that application on the workstations AND do the update first on the server. Thank you for sharing your mistakes. I thought the update was full of flows when you opened up 1040s, but I am glad that once you upgrade, everything is working properly.

Since updates are automatically, what do you suggest? To pull the LAN cord or disable wireless before clicking on ATX?

Parents cannot claim this child because of her age, income and not being full time student.

HRB is correct if tax payer had enough physical presence

First back up all the database folder on each installation from 2008 to 2011. Remove all the software from the server for THOSE YEARS ONLY. This is what you need to do: Log on as the adminitrator and install ATX 2008, replace the database folder with the one you backed up, then open an existing return. tTen create a new return and label it test2008. Add forms to that client and save again. Try to print that client. If every thing works properly, you will need to go the other computers and map a network drive and then install from the server's workstation folder on each workstation. So the server you install from CD or the web and the other computers from a folder from the server. Open and save the test2008 client on each computer. Create a new client name on a workstation, add forms, resave and print. Go to another workstation and open that one client and print. Do the same thing for 2009 and this time roll over one return and open it up. You should read the manual for each year but the years you mention, should be OK. If there is no data to back and if the server has not had this software installed, you should just install and test.

I have predicted that people will come back in 2015 but I think they will come back in 2014. Yes, the product is excellent and you should come back at on April 16. Just call the help desk and ask for a free copy of the 2013 software and I think they will ship it to you. Then in November purchase the software. I have had no issues whatsover this year and the program is very robust from the shelf.

File jointly using global income for both and submit a letter stating that the non-citizen and you agree that she should be treated as a resident for tax purposes. You will file 1040 and W7.

Either I am lazy or I don't complicate my life. To me this is a personal expense and no matter how you relate it to her "non-paid" job or school that she finished before, it will always leave an aroma. I guess I should be more aggressive but I take a very conservative approach.

Employees wont be able to efile for this year or next year. You don't need to amend anything but all employees must paper file for the next two years.

I just got a rejection for state. I always put it but it seems that this time I forgot it and it was rejected. What will happened when some W-2 have blank box 16?

File the form and there is a 60% chance that the IRS will accept it.

Don't even mention the fact that you already submitted other 1099s. Just do a new filing as if this was the only filing. Keep both 1096s on record and all 1099s.

Create a new filing which includes the other 4 1099s. Don't forget the cover form.

I quoted you by mistake on the previous post.